Merrillville, Indiana
Dominant powerhouse in a market CHICAGO, IL that offers urban, suburban and rural living Northwest Indiana s gathering GARY, IN MICHIGAN CITY, IN place for shopping, dining and entertainment A community full of families, CROWN POINT, IN VALPARAISO, IN Chicago commuters and educators Strong performing stores and ILLINOIS INDIANA restaurants 10 MILES Merrillville, Indiana
Enclosed two-level super-regional mall Five anchors and adjacent theater More than 150 stores The region s retail hub with closest center 40 miles away Property Description major roads I-65 and US Highway 30 total sf 1,360,000 # of stores 155 # of parking 7,550 center description anchors key tenants Enclosed, two-level center Macy s, Carson s, JCPenney, Dick s Sporting Goods, Kohl s, Sears, and AMC Showplace 12 Build-A-Bear Workshop, Buckle, Bath & Body Works, Victoria s Secret, H&M, Forever 21, Pink, Disney, Vans, Skechers, La Senza, Buffalo Wild Wings, and Cooper s Hawk Winery & Restaurant THE CENTER STARWOOD
Northwest Indiana s best shopping, dining and entertainment destination for the whole family. Crossroads Regional Chamber of Commerce THE CENTER STARWOOD
Located 35 miles southeast of Chicago, along Indiana s I-65 corridor Home to some of the most successful stores and restaurants in their chains Diverse mix of fast-casual and sitdown dining A Captive and Captivated Market Accessible to 140,000+ vehicles daily on adjacent roads The only enclosed center in the second largest county in Indiana Large trade area of nearly 700,000 people Lower sales tax than metro Chicago THE CENTER STARWOOD
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Lake County is a leading job growth engine in the Midwest Economy dominated by scientific, professional, oil, healthcare, and higher education Pro-business community Strong housing growth City Opportunities, Small Town Lifestyle 23% PTA household growth since 2000 vs. 10% Indiana 77% PTA home owner ship with low cost of living 32,800 daytime employees within three miles 17,000+ college students in the market THE CENTER STARWOOD
Orland Square (Orland Park) Distance to Competing Regional Malls INDIANA ILLINOIS River Oaks Center HAMMOND GARY I-90 I-94 PORTAGE Orland Square Driving 41 mi, 45 min Merrillville Plaza Driving 0.8 mi, 4 min HOBART Mississippi Street 16,200 AADT CHICAGO HEIGHTS MERRILLVILLE River Oaks Center Driving 22 mi, 30 min Merrillville Plaza VALPARAISO Hwy 30/East Lincoln Hwy 65,400 AADT CROWN POINT I-65 75,200 AADT INDIANA ILLINOIS Legend Primary Trade Area Secondary Trade Area Competition Access Roads 44.5 MILES 3 MILES THE CENTER STA R WO O D (AADT= annual average daily traffic)
US Steel Corp HAMMOND Purdue University Calumet Campus I-94 Indiana University Northwest (Admin) GARY Indiana University Northwest I-90 PORTAGE Area Attractions Albanese Candy Factory Deep River Waterpark US Steel Yard stadium (minor league baseball) 53 HOBART Predominant Colleges St. Mary Medical Center Purdue University Calumet Campus Valparaiso University 30 MERRILLVILLE NiSource (HQ) Methodist Hospitals 30 VALPARAISO Valparaiso University Indiana University Northwest Combined enrollment: 17,600 CROWN POINT I-65 St. Anthony Medical Center Legend Primary Trade Area Secondary Trade Area Colleges Key Employers 3 MILES THE CENTER STARWOOD
Demographics PTA 1 STA 2 TTA 3 US Avg Population 2018 estimate 328,465 362,957 691,422 2023 projection 334,523 357,858 692,381 % growth 2018 2023 1.8% 1.4% 0.1% 3.5% Exceptionally large trade area of urban, suburban and rural residents Population By Race White 83% 63% 73% 70% Black 9% 26% 18% 13% Asian 1% 2% 2% 6% 1 in 3 households have children under 18 Hispanic Ethnicity 11% 17% 14% 18% Median Age 40 39 40 38 % age 15-24 14% 13% 14% 14% 35% of PTA households will earn $100,000+ by 2023 % age 25 to 44 25% 24% 24% 26% % age 45 to 64 27% 26% 27% 26% Households 2018 estimate 123,613 140,631 264,244 2023 projection 126,131 139,182 265,313 2018 households with kids under 18 34% 33% 34% 34% Average Household Income 2018 estimate $85,428 $68,988 $76,679 $86,278 % earning $75,000+ 45% 32% 38% 40% 2023 projection $94,899 $75,312 $84,624 $95,107 Education % college educated 57% 51% 54% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & Employment business establishments 598 2,846 5,424 13,558 daytime employment 11,038 32,806 56,336 141,914 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER STARWOOD
Starwood Retail Partners 5th largest manager of regional malls in the US 30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs 100 million+ combined annual visits $84,600 trade area average household income California Metreon Northridge Mall Parkway Plaza Plaza West Covina Solano Town Center Colorado Belmar Connecticut Blue Back Square Florida The Mall at Wellington Green Westland Mall Georgia The Collection at Forsyth Illinois The Arboretum of South Barrington Chicago Ridge Mall Louis Joliet Mall The Promenade Bolingbrook Indiana Kentucky Hamburg Pavilion Michigan Fairlane Town Center The Mall at Partridge Creek Montana Rimrock Mall Nebraska Gateway Mall North Carolina Northlake Mall Ohio Belden Village Mall Franklin Park Mall Great Northern Mall SouthPark Mall Texas The Shops at Willow Bend Virginia MacArthur Center Stony Point Fashion Park Washington Capital Mall Kitsap Mall Kathy Tobin / Director, Leasing / 818.254.6276 / ktobin@starwoodretail.com Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / bcikalo@starwoodretail.com Jake Miller / Senior Associate, National Restaurant and Entertainment Leasing Central / 614.256.7385 / jmiller@starwoodretail.com Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources 05/16/18 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER STARWOOD